challenges and opportunities for China’s automotive market #stay home for your safety
China’s automotive industry has been growing rapidly and therefore the country is playing an increasingly important role within the global automotive market. per the Ministry of Industry and data Technology (MIIT), China’s countrywide automotive sales have broken through the benchmark of 28 million in 2016, globally ranking first for eight consecutive years.
However, pressing environmental requirements and fierce outside competition are forcing China’s automotive industry to accelerate its innovation and transformation; on the opposite hand, trends like consumption upgrades, rise of small towns and therefore the integration of data and communication have complicated demands for automobile consumption.
Facing a rapid change in technology and therefore the growing intricacy of an industrial environment, where will China’s automotive market go? What are the new opportunities?
With the rising of cars in China, vehicle emissions have become prominently problematic. China Vehicle Environmental Management Annual Report 2017 showed that the emission from automobiles constitutes a significant source of pollution. Therefore, environment protection measures targeting automobiles are taken.
In addition, energy consumption of the standard automotive industry is comparatively high. Xin Guobin, Deputy Minister of Ministry of Industry and data Technology distinguished that China was lagging behind international standards in terms of passenger vehicle fuel consumption in 2016. China has made a commitment to the planet to succeed in a carbon emission peak in 2030 and increase the proportion of primary energy to twenty (2016: 13.3%). However, supported this development speed of the auto industry, it's difficult to deliver on this promise.
Energy conservation and emission reduction is that the only way for China’s automotive industry to travel forward. “According to the green development targets and requirements proposed within the Mid- and Long-term Development Plan for Automotive Industry, the industry are going to be that specialize in light-weighting, fuel consumption reduction and therefore the development of recent energy vehicles (NEVs),” said Xu Changming, Deputy Director of State Information Center and Senior Economist.
“Traditional vehicles will still hold an absolute major share in China’s automotive market before 2030,” said Xu, “therefore, low carbonization is that the inevitable trend for future vehicles.” In Xu’s view, there are three main ways to fulfill the stricter limit on fuel consumption: light-weighting, miniaturization and
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Auto Sales in China Log the largest Monthly Decline EverAccording to China coach Association
car sales fell to 7,100 units each day during the month compared with 45,000 units per day in February 2019.
However, average daily sales improved toward the top of the month, to around 16,000 units per day within the fourth week from 811 units per day early within the month.
Reports suggest that the coach sales in China tanked nearly 42% through the primary two months of 2020, reflecting the most important sales decline in twenty years.
Global automakers who became increasingly reliant on the world’s biggest marketplace for vehicles are left with little visibility into when sales might recover.
Weak car sales are expected to require a toll on the earnings of most of the world auto biggies.
like General Motors GM, Ford F, Toyota Motor and Volkswagen .
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١٠ عربيات زيرو اقل من 250 الف جنية اعتمادية وامكانياتها محترمة في مصر ٢٠٢٠
2020 علامات تجارية يابانية و فرنسية وكورية جنوبية وصينية، و جاءت جميعها سيارات سيدان متوسطة الحجم، اعتمادية بكماليات محترمةوبأسعار لا تتجاوز 250 ألف جنيه
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لقراءة الموضوع على المدونة
https://matrexcarsmarket.blogspot.com/2019/12/10-2020-250-2019.html
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